Factors of production are also known as:
A) science and technology.
B) resources.
C) goods and services.
D) economics.

Name: Factors of production are also known as: A) science and technology. B) resources. C) goods and services. D) economics.
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Question

Quizplus · Accepted Answer

Factors of production refer to the inputs used in the production of goods or services in order to make an economic profit. These include land, labor, capital, and entrepreneurship, which are collectively known as resources.

Factors of Production Are Also Known As